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Ajman Real Estate Transactions Hit Dhs1.65 Billion in July
๐Ÿ‡ฆ๐Ÿ‡ช United Arab Emirates /Economy & Trade

Ajman Real Estate Transactions Hit Dhs1.65 Billion in July

From Gulf Today · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Ajman recorded Dhs1.65 billion in real estate transactions in July, involving 1,517 deals.
  • Trading volume reached Dhs1.08 billion across 1,296 transactions, with mortgages totaling Dhs341 million from 138 deals.
  • The figures indicate a positive and upward trajectory for Ajman's real estate sector, driven by investment opportunities and demand.

The real estate market in Ajman experienced a robust performance in July, with transactions valued at Dhs1.65 billion. A total of 1,517 deals were recorded during the month, signaling strong activity in the emirate's property sector.

Breaking down the figures, the trading volume alone amounted to Dhs1.08 billion, spread across 1,296 transactions. Additionally, the mortgage sector saw significant engagement, with 138 transactions totaling Dhs341 million. Notably, Al Jurf Industrial 1 registered the highest single mortgage transaction, valued at Dhs20.9 million.

Officials attribute this success to the sector's upward trajectory and positive momentum. Diverse investment opportunities and growing direct demand for various property types across the emirate are fueling this exceptional activity. Ajman Uptown emerged as the most traded major project, followed by Ajman One and Emirates City, reflecting sustained investor interest.

The figures reflect the upward trajectory of Ajman's real estate sector, with the market maintaining its positive momentum and witnessing exceptional activity across several property developments, driven by diverse investment opportunities and growing direct demand for properties of various types across the emirate.

โ€” Ahmed Khalfan Al ShamsiDirector of the Real Estate Registration Department at the Ajman Department of Land and Real Estate Regulation, commenting on the July real estate transaction figures.
DistantNews Editorial

Originally published by Gulf Today in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.